2 bedroom house for sale

£475,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

A spacious two bedroom ground floor flat in Upper Leytonstone, on the market chain-free and with a share of the freehold. This well-maintained property offers stylish design touches within a well-planned, practical layout. Fabulous location with excellent local amenities and travel links.
To the front of the property youll find off-road parking for one vehicle and shared side access to the rear of the property. Steps lead up to an open porch and on through the flats own front door into the hallway with its high ceilings and original mouldings. Bright, white walls and beautifully restored original floorboards set the theme which flows through most of the property, to provide a cohesive contemporary design. Theres also access to a useful storage cellar.
Bedroom one, to the front of the property, is a large double with a wonderful south-east facing bay window for fabulous daytime sunlight. Bedroom two is another good-sized double with large French windows looking out towards the rear garden.
At the end of the hallway, steps lead down to the reception room which boasts another bay window - an ideal focal point for a seating area - plus an original brick chimney breast with an open fireplace and hearth.
Beyond the reception room, a small vestibule leads into the well-appointed bathroom. A monochrome colour scheme is complemented by mosaic tile backsplashes and theres a modern bathroom suite, including a WC, vanity unit with inset basin and mirrored storage above, and a P-shaped bath with shower and glazed screen.
To the other side of the reception room, a doorway leads to the bright, cleverly designed kitchen which provides excellent storage and workspace. Theres a good array of beech base and wall cabinets topped with solid timber, butchers block-style worktops. Theres under counter space for both a fridge and freezer, as well as plumbed-in space for a washing machine. The kitchen also features an integrated oven and gas hob, with a colourful geometric design tiled backsplash which perfectly complements the colours of the other tiles used throughout.
Finally, a part-glazed door takes you out to your private garden area, with a gravelled seating area and lawn beyond, bordered by shrubs and trees.
The property is situated in the popular Upper Leytonstone area, with great amenities and transportation on your doorstep. Leytonstone High Road with its many shops and services is less than a ten-minute walk and there are many popular bars and restaurants close by, including the Burnt Smokehouse, the Gravity Well Taproom the Arch Deli & Bar and the Heathcote and Star. Leytonstone Central Line Underground station and Leyton Midland Road Overground stations are both around a ten-minute walk.
There are some fabulous green spaces within easy reach, including both Leyton and Wanstead Flats, along with Hackney Marshes and the Walthamstow Wetlands Nature Reserve.
To view this property, please contact our friendly and helpful team of property professionals.
MATERIAL INFORMATIONTenure Share of FreeholdLength of lease 985Annual ground rent - 0Ground rent review date n/aAnnual service charge - 0Service charge review date n/aCouncil tax band D
These property particulars have been prepared by Trading Places Estate and Letting Agents under the instruction of the owner and shall not constitute an offer or the basis of any contract. They are created as a general guide and our visit to the property was for the purpose of preparing these particulars. No form of survey, structural or otherwise was carried out. We have not tested any of the appliances, services or connections and therefore cannot verify them to be in working order or fit for the purpose. This includes heating systems. All measurements are subject to a margin of error, and photographs and floorplans are for guidance purposes only. Fixtures and fittings are only included subject to arrangement. Reference made to the tenure and where applicable lease term is based on information supplied by the owner and prospective buyers(s) must make their own enquiries regarding all matters referred to above.

Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 394575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 11875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 38325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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